Jan 24, 2011

Bailout bonus: GM becoms a foreign corporation

General Motors has joined General Electric as a major foreign corporation, having sold more cars and trucks last year in China than in the U.S. Some of these cars and trucks were made in China. GM also has a factory in India. From TPR

General Motors last year sold more cars and trucks in China –now the world’s largest and fastest-growing auto market — than it did in the U.S. GM sold 2,351,610 vehicles in China in 2010, up 28.8% over 2009. By contrast it sold 2.215,227 in the U.S., up 6.3%. - USA Today